If bitcoin falls below $88,000, the cumulative long liquidation intensity on major CEXs will reach $606 millions.

According to ChainCatcher, citing Coinglass data, if bitcoin falls below $88,000, the cumulative long liquidation intensity on major CEXs will reach $606 million. Conversely, if bitcoin breaks through $91,000, the cumulative short liquidation intensity on major CEXs will reach $611 million.

Note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters. Therefore, the chart demonstrates the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.